Content tagged “Prices”

Higher gas prices are on the way, analysts say

Drivers, here's the bad news: You'll be paying more for gasoline in the coming weeks. The good news, if it's any consolation: You'll likely pay less than last year. Or the year before, or the year before that. The Associated Press reports the price of gasoline held steady into early February, but an increase is almost inevitable this time of year. Pump prices have gone up an average 31 cents per gallon in February over the past three years. "We're going to get increases and they are going to be noticeable," says Tom Kloza, chief oil analyst at Gasbuddy.com and the Oil Price Information Service. "We're going to get that pop relatively soon." The nationwide average price has risen for seven days in a row and now stands at $3.34 per gallon, the highest level since October, according to AAA, OPIS and Wright Express. The nationwide average is not expected to quite reach its high point of...

Economists forecast better growth for U.S. this year

The U.S. economy is headed for stronger growth in 2014 that will steadily chip away at the unemployment rate, top economists predict in a largely optimistic USA Today quarterly survey. The jobless rate, which dipped to a five-year low of 6.6% in January, will fall to 6.3% by the end of the year, their median forecast indicates. Job gains, which averaged 194,000 a month last year, will reach a monthly average of 200,000 this year, they predict. Employers added 113,000 jobs in January, well under many economists' forecasts, the government reported last week. The economy got off to a slow start in January as a result of financial turmoil in emerging markets, a stomach-churning drop in stock prices and extreme winter weather that kept many shoppers at home. But the economists surveyed expect growth to accelerate after a weak first quarter, reaching a solid 2.8% rate for the year. "I think we will regain momentum and not fall on our face," says Diane Swonk, chief economist of...

B.R. gas prices continue to hold steady while U.S. average rises

While motorists in Baton Rouge continue to see relatively stable gas prices, average prices across the United States continue to inch upward—defying many analysts' predictions that prices would likely dip at the start of the new year. For the first time this year, average prices rose above $3 per gallon in all 50 states, according to a press release issued this morning by 24/7 Wall St. A total of 13 states, including Louisiana, that at one point last year had an average below $3 are now seeing an average above the $3 threshold. "These include oil-rich states and those near Gulf of Mexico refinery capacity—Texas, Oklahoma, Alabama, Louisiana and Mississippi," reads the release. "Also on the list are northern Plains states, with their small populations near shale deposits—South Dakota, Wyoming and Montana. Gas prices are traditionally very low in these states." In Baton Rouge this morning, a gallon of regular unleaded gas is selling for $3.10, down 1 penny from...

B.R. gas prices tick up 2 cents on the week

The average price for a gallon of regular, unleaded gas in Baton Rouge rose 2 cents over the past week to $3.12 as of this morning. According to the AAA Daily Fuel Gauge Report, this morning's average in Baton Rouge reflects a 7 cent increase from a month ago—but a decline of 7 cents from a year ago. The Louisiana average price rose 1 cent over the past week to $3.13 as of this morning. Only about a dozen states—mostly in the South—currently have a lower average than Louisiana. Motorists in Missouri are currently enjoying the nation's lowest average gas price—$2.99—while Hawaiians continue to pay the highest price on average, at $4 per gallon. The U.S. average fell 3 cents over the past week to $3.28 as of this morning, which is 2 cents lower than the average was a year ago. —Staff report

Gas prices relatively flat thus far in new year

The average price of a gallon of regular, unleaded gas in Baton Rouge barely budged over the past week, continuing a recent trend of relatively stagnant prices that started at the close of 2013. According to the AAA Daily Fuel Gauge Report, the average price is $3.10 in Baton Rouge as of this morning, down 1 penny from a week ago. One month ago, the average price was 2 cents lower than it is today in the city. Compared to a year ago, the average price today is 11 cents lower. Meanwhile, the Louisiana average price as of this morning—$3.12—is 19 cents lower than the U.S. average, which was unchanged on the week but up 8 cents on the month. AAA analysts are forecasting gas prices to decrease or remain mostly flat this year. According to the group’s 2013 year-end report, the $3.49 U.S. average last year was the lowest since 2010. Even so, 2013 was the...

B.R. gas prices down slightly from a year ago

At $3.11 as of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge is unchanged from a week ago, but is one nickle lower than it was one year ago, according to the AAA Daily Fuel Gauge Report. The Baton Rouge average is 3 cents lower than the state average of $3.14 and is 20 cents below the $3.31 national average. The local average see-sawed up and down throughout 2013 before ending the year at just above $3 per gallon, not far from where it began the year. As for what motorists can expect in the coming year, analysts are predicting U.S. gas prices will decrease or remain mostly flat not only in 2014, but for years to come. While prices may not have seemed all that cheap last year, on average they were...

B.R. gas prices rise for third straight week

After several months of steady declines, gas prices have ticked up in the Baton Rouge area for the third straight week, and the gap between the local average and the U.S. average is narrowing. As of this morning, the local average is $3.12 for a gallon of regular, unleaded gas, according to the AAA Daily Fuel Gauge Report. That's an increase of 2 cents in the past week, and it builds on increases of 13 cents and 1 cent over the previous two weeks, respectively. The U.S. average as of this morning is $3.26 a gallon, down 2 cents from a week ago. The Baton Rouge average remains 2 cents below the Louisiana average of $3.14 a gallon, which is now the same as the average in four other states and higher than in 11 states. Just one month ago, Louisiana had the sixth-lowest average price in the nation. Since then, however, the average price in the state has risen 8 cents,...

B.R. gas prices spike 13 cents on the week

After falling steadily for roughly the past three months to the lowest levels of the year, the average price for a gallon of regular, unleaded gas in Baton Rouge increased 13 cents over the past week to $3.10 as of this morning. According to the AAA Daily Fuel Gauge Report, Louisiana saw a greater spike in prices over the past week than many other states. While the state's average of $3 a week ago was the sixth-lowest in the nation, its average this morning—$3.13—is the same as in three other states and higher than nine others. The U.S. average this morning is at $3.28 per gallon, up eight cents on the week. The increase in Baton Rouge seen over the past week is just the third weekly increase reported by AAA over the past 18 weeks. "Something strange is going on in the U.S. gasoline market," reads a report from Bloomberg...

Scant rise aside, gas prices continue to hover below $3 in Baton Rouge

Although the average price of a gallon of regular unleaded gas in Baton Rouge increased by one penny over the past week, locals are still among the minority in the nation who are paying less than $3 a gallon. According to the AAA Daily Fuel Gauge Report, the Baton Rouge average this morning is $2.97, or 3 cents lower than the Louisiana average. Louisiana remains one of just six states in which gas is selling for an average of $3 or below. Missouri motorists are enjoying the lowest average price in the nation: $2.89. On the other end of the spectrum, Hawaii's average is just 3 cents short of $4 per gallon. In Baton Rouge, the average price has been below $3 for the past two weeks. In 15 of the past 17 weekly reports, the Baton Rouge average has now posted a week-over-week decline. The local average one month ago was 17 cents higher than it is this morning, and a year ago the average was 21 cents higher. While gas prices have been falling on the local and national level for months now,...

B.R. gas prices dip below $3 for first time this year

At $2.96 as of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge has fallen 7 cents over the past week to its lowest point of the year—and below the $3 mark for the first time in 2013—according to the AAA Daily Fuel Gauge Report. Motorists here and across the U.S. can thank the tentative reduction in tensions in the Middle East and swelling supplies of domestic oil for falling gas prices, The New York Times reports, noting that energy experts say prices could fall further if negotiations between the West and Iran progress. Drivers in all 50 states are enjoying lower gas prices than a year ago, and Louisiana—with an average of $2.99—is one of six states in which the average is...

Measure of U.S. economy's health rises 0.7%

A gauge of the U.S. economy's future health rose solidly in September, suggesting the economy was making gains before the government shut down for 16 days. The Conference Board reports this morning that its index of leading indicators rose 0.7% in September to a reading of 97.1. That follows a similar gain in August and marked the fifth increase in six months. The index is designed to signal economic conditions over the next three to six months. It is composed of 10 indicators, most of which have already been released individually. In September, the index rose largely because unemployment benefits fell, credit conditions improved, manufacturing orders rose and the gap between short- and long-term interest rates widened sharply. The Associated Press reports that some economists caution that the index has been a poor predictor of the economy's health in recent months, noting that stock prices have risen sharply this year, yet unemployment remains high, wages have barely kept pace with...

B.R. gas prices creep closer to $3 average

Selling for an average of $3.03 per gallon as of today, regular unleaded gas in Baton Rouge has fallen 4 cents over the past week to its lowest point yet this year, with some area stations selling at just below the $3 mark. According to the AAA Daily Fuel Gauge Report, Louisiana is home to the nation's sixth-lowest average gas price, at $3.05. The average price in the state remains 20 cents lower than the U.S. average of $3.25. The national average price fell 3 cents over the past week and is down a dime from one month ago. Locally, gas prices have not been experiencing the dramatic up and down swings that many other communities across the nation have been experiencing. According to a recent analysis of daily and weekly...

B.R. gas prices fall again, near $3 mark

Although some analysts have been predicting the declines in gas prices that have been seen across the nation in recent weeks will soon come to an end, the average price of a gallon of regular unleaded gas in Baton Rouge fell another 6 cents over the past week to $3.07 as of this morning, according to the AAA Daily Fuel Gauge Report. That's the lowest price that local gas prices have been all year, and it also appears to be among the lowest average prices in the nation. The Louisiana average, at $3.09, is the sixth-lowest in the nation. Missouri has the lowest average in the nation, at $2.94, while Hawaii's average is the highest, at $4.09. One year ago, gas was selling for 31 cents more per gallon in Baton Rouge. The U.S. average of $3.28 as of this morning is 7 cents lower than a week ago, 13 cents lower than a month ago and 26 cents lower than a year ago. See the...

Now at lowest point of 2013, B.R. gas prices could begin to rise

The average price of a gallon of regular unleaded gas in Baton Rouge has fallen two cents over the past week to $3.13 as of today, according to the AAA Daily Fuel Gauge Report. That's the lowest the average price has been in the city thus far this year, and Louisiana—at $3.15 per gallon—now has the fifth lowest average price among all states. The U.S. average is at $3.34 as of this morning, unchanged from a week ago. One month ago, Americans were paying about 14 cents more per gallon, and one year ago the U.S. average was 33 cents higher. Trilby Lundberg, who tracks the fuel market nationwide and is editor of the Lundberg survey on gas prices, which is similar to the AAA report, tells NBC News that prices may begin to rise from recent lows.

B.R. gas prices fall another 3 cents to lowest average of 2013

At $3.15 per gallon, the average price of regular unleaded gas in Baton Rouge this morning is the lowest price it has been at the start of any week in 2013 thus far—one penny lower than the price the first full week of January. The local average price fell 3 cents on the week and is now 19 cents lower than it was one month ago and 42 cents lower than one year ago, according to the AAA Daily Fuel Gauge Report. Gas prices have been falling throughout much of the U.S. in recent weeks, including in Louisiana, where the average price fell 2 cents on the week. The Louisiana average as of this morning—at $3.16 per gallon—is the fifth-lowest in the nation. At $3.34, the U.S. average price holds steady at the same number as last week, but is...

B.R. gas prices fall another 5 cents to lowest price since January

At $3.17 per gallon this morning, the average price of regular unleaded gas in Baton Rouge is just one penny above the lowest price it has been at the start of any week in 2013 thus far—which came in the first full week of January. The local average price fell 5 cents on the week, and is now 23 cents lower than it was one month ago and 36 cents lower than one year ago, according to the AAA Daily Fuel Gauge Report. Gas prices have been falling throughout much of the U.S. in recent weeks, including in Louisiana, where the average price fell 4 cents on the week. Just eight states have a lower average price than Louisiana. At $3.34, the U.S. average price also fell 5 cents on the week, and is now 23 cents lower than it was one month ago and 47 cents lower than it was last year at this time. The local average has now fallen in 10 of the past 11 weeks. See the complete...

Baton Rouge gas prices near 2013 low

At $3.22 as of this morning, the average price for a gallon of regular unleaded gas in Baton Rouge is down 5 cents from a week ago—and is nearly as low as it has been all year, according to the AAA Daily Fuel Gauge. The last time the local average was below $3.20 was in the first month of 2013, when it dipped to $3.18 on Jan. 18. From there, the local average trended up throughout the first quarter of the year, rising to as high as $3.65 per gallon in Baton Rouge in early March. The average price then began trending back down, and by the time a streak of nine weeks of declines had concluded in early May, the Baton Rouge average was back around $3.24 per gallon. The annual summer increase in gas prices topped out locally at around $3.50 per gallon in late July. With this past week's decline, the Baton Rouge average price has now posted slight decreases in nine of the past 10 weeks. One year ago today, gas was selling for 34 cents more per gallon in Baton Rouge. The Louisiana...

With summer in the rearview mirror, gas prices continue to fall

Aided by another 5 cent decline over the past week, the average price of a gallon of regular unleaded gas in Baton Rouge is at its lowest since early July. At $3.27 as of this morning, the local average price has now posted a slight decline in eight of the past nine weeks, according to the AAA Daily Fuel Gauge Report. One month ago in Baton Rouge, gas was selling for 9 cents more per gallon—and it was 34 cents higher per gallon a year ago. The national average price fell 4 cents on the week to $3.47 as of this morning, while the Louisiana average price is down 5 cents to $3.28. Louisianans are paying the ninth-lowest average price in the nation. Late last week, AAA reported that the U.S. average price had dropped every day since Labor Day—which marks the unofficial end to the summer driving season—and had dipped below $3.50 a gallon for the first time in more than two months. Winter gasoline blends typically cost about 10 to 15 cents less per gallon to produce...

Baton Rouge gas prices down another 7 cents

Aided by a 7 cent decline over the past seven days, the average price of a gallon of regular unleaded gas in Baton Rouge is down a dime over the previous two weeks. According to the AAA Daily Fuel Gauge Report, gas is selling for an average of $3.32 as of this morning in Baton Rouge. The local average has now fallen seven of the past eight weeks, as Louisiana continues to see one of the lowest average prices in the nation (just eight states have a lower average price). One year ago, gas was selling for about 33 cents more per gallon in Baton Rouge. The national average as of this morning is $3.51 per gallon, which is down six cents on the week. One month ago, the U.S. average was three cents higher than today, and one year ago it was 35 cents higher. Gas prices vary widely across the U.S., with more than $1 separating the nation's lowest and highest averages. At $3.18 per gallon, South Carolina is seeing the lowest average price in the nation, while Californians are paying the...

Baton Rouge gas prices ease back 3 cents

A 3 cent decline in the average price of gas across Baton Rouge over the past week is almost enough to offset a 4 cent rise the previous week. As of this morning, the average price of a gallon of regular unleaded gas in Baton Rouge is $3.39, according to the AAA Daily Fuel Gauge Report. Still, the decline marks the sixth week of the past seven that the local average has posted a decrease. One year ago, gas was selling for about 29 cents more per gallon in Baton Rouge. Louisiana continues to see the ninth-lowest average gas price in the nation, at $3.40 as of this morning, also down 3 cents on the week. According to a new report by research firm IHS, the average American gained about $1,200 in disposable income during 2012 due to lower gas prices, brought on by surging U.S. oil and natural gas production. As The Wall Street Journal

Baton Rouge gas prices going up again

The average price of a gallon of gas is back on the rise in the Baton Rouge area, but the local average remains about a quarter lower than it was one year ago. At $3.42 for a gallon of regular unleaded as of this morning, the average price is up 4 cents from a week ago, according to the AAA Daily Fuel Gauge. It's the first time the Baton Rouge average has posted a weekly increase in five weeks. One year ago, gas was selling for $3.69 per gallon in Baton Rouge. Motorists in Baton Rouge are paying one penny below the state average as of this morning, and 17 cents below the national average. Just eight states have a lower average price than Louisiana. AAA analysts speculate that rising unrest abroad could be keeping prices higher than they otherwise would be, and could also lead to additional increases in the coming weeks. "While retail gas prices remain well below year-ago levels, tensions, unrest and violence in the Middle East and North Africa have kept global oil prices higher than...

Baton Rouge gas prices trickle down for fourth straight week

After running up to a nearly $3.50 per gallon average in mid July, the price of gas slowly has been trickling down for the past four weeks in Baton Rouge, and as of this morning is selling for $3.38. Today's average is 2 cents lower than it was one week ago, according to the AAA Daily Fuel Gauge, building on previous declines three consecutive weeks prior to that. Last year at this time, a gallon of gas was selling locally for an average of $3.55. The U.S. average price—at $3.53 as of this morning—has also been slowly declining in recent weeks. One month ago, Americans were paying 14 cents more per gallon on average, and today's price is 19 cents lower than it was a year ago. Louisianans have enjoyed some of the lowest average gas prices in the nation for much of this year, and that hasn't changed this week. Just seven states have a lower average than Louisiana's $3.39, which is down 2 cents on the week, 11 cents on the month and 16 cents from one year ago.

Consumer prices rise, inflation remains mild

U.S. consumer prices rose only slightly last month as gas costs increased more slowly, according to figures released by the Labor Department this morning, which also indicate inflation remains mild. The consumer price index rose 0.2% in July after a 0.5% increase in June. Gas prices rose just 1% after jumping 6.3% in June. Excluding food and gas costs, which are volatile, "core" prices also rose 0.2% in July. Over the past 12 months, consumer prices have risen 2%. Core prices have increased 1.7% over the same period, which is still below the Federal Reserve's 2% inflation target. Slightly higher inflation could make it easier for the Fed to start pulling back on its low-interest-rate policies, The Associated Press reports, while falling inflation would pressure the Fed to continue stimulating growth. More expensive fruits and vegetables pushed up the price of food in July, which ticked up 0.1%. Core prices were pushed up by a big jump in clothing costs, which rose 0.6%, the third...

Baton Rouge gas prices fall 5 cents on the week

The average price of a gallon of regular unleaded gas has fallen a nickel over the past week in Baton Rouge and is at $3.40 as of this morning, according to the AAA Daily Fuel Gauge Report. And while the local average is 6 cents higher today than it was one month ago, it's 13 cents lower than the average price one year ago. Louisiana's average price—which is one penny higher than the local average—remains considerably lower than the national average of $3.54. The U.S. average has fallen 7 cents over the past week, and as of this morning is 15 cents lower than it was one year ago. Southern states continue to enjoy among the lowest average gas prices in the nation, and just eight states have a lower average than Louisiana, including Alabama, Arkansas, Missouri, Mississippi, Oklahoma, South Carolina, Tennessee and Virginia. The Texas average as of this morning is the same as the Louisiana average.

Baton Rouge gas prices dip one penny on the week

At $3.45 per gallon, the average price of unleaded, regular gas in Baton Rouge is 1 cent lower today than it was a week ago, according to the AAA Daily Fuel Gauge Report. Though it's the second week in a row prices have trickled down (prices were down 3 cents last week), motorists in the Capital Region are still paying 18 cents more per gallon than they were one month ago. One year ago, the average was one penny lower in Baton Rouge. Louisiana's average price—which is one penny higher than the local average as of this morning—remains below the national average of $3.61. Southern states continue to enjoy among the lowest average gas prices in the nation. Just seven states have a lower average than Louisiana. South Carolina motorists are paying the lowest average price in the country at $3.28. Nearly a dozen states have averages that are higher than $3.75, and two states (Hawaii and Alaska) have averages above $4.

Baton Rouge gas prices on the decline again

Motorists in Baton Rouge have seen gas prices dip 3 cents over the past week, but the decrease is scant compared to increases over the previous three weeks. The average price for a gallon of regular unleaded gas as of this morning is $3.46 in the Capital City, according to the AAA Daily Fuel Gauge Report. That's 18 cents more than motorists were paying one month ago. One year ago, the average price was $3.33 locally. At the outset of June, the Baton Rouge average was among the lowest in the nation at $3.27 per gallon. However, the average price rose 22 cents in subsequent weeks. Nonetheless, the local and Louisiana ($3.48 per gallon) averages remain well below the national average of $3.63 as of this morning. In just nine states is the average price as low or lower than in Louisiana. Read the complete report.—Staff report

Baton Rouge gas prices continue to climb

A 10-cent rise over the past week has put the average price of a gallon of regular, unleaded gas at $3.49 in Baton Rouge as of this morning. That's 22 cents more than local motorists were paying per gallon just two weeks ago, according to the AAA Daily Fuel Gauge Report. The story is the same in much of America, where the busy summer driving season has been met with rising crude prices, falling supply and unrest abroad that is putting upward pressure on prices. Louisiana motorists are still catching a break at the pump compared to most other states. At $3.67 per gallon, the U.S. average is considerably higher than the Louisiana average of $3.50. Just six states have a lower average than Louisiana, while 24 states are currently at or above the U.S. average price—and four of those have a state average price above $4 per gallon. Southern states are seeing the lowest average gas prices of any U.S. region. One month ago in Baton Rouge, gas was selling for 15 cents less per gallon,...

Baton Rouge gas prices spike

The average price of a gallon of regular, unleaded gas in Baton Rouge rose 12 cents over the past week to $3.39 as of this morning, according to the AAA Daily Fuel Gauge Report. Summer is traditionally a time of year when gas prices rise, but analysts say the current spike in prices being experienced across the country may be exacerbated in the coming weeks due to rising global crude prices, falling supply in the U.S., unrest in Egypt and other factors. "We may be on a roller coaster for the rest of the summer,'' Patrick DeHaan, senior analyst for GasBuddy.com tells USA Today. In Baton Rouge, gas is selling for 20 cents more per gallon this morning than it sold for one year ago. The local average is still a few cents below the Louisiana average, which is $3.42 this morning—up 13 cents on the week. Despite the recent increase, gas prices vary greatly...

Baton Rouge gas prices remain among lowest in nation

At about $3.27 per gallon as of this morning, gas is selling in Baton Rouge for the same price it was one week ago, a few cents lower than a month ago—and cheaper than much of the rest of the country. Only the Shreveport metro area has a lower average price than Baton Rouge in the state—at one penny cheaper—and just five states across the country have a lower average price: Alabama ($3.22), Missouri ($3.23), Mississippi ($3.24), South Carolina ($3.15) and Tennessee ($3.24). According to the AAA Daily Fuel Gauge, the U.S. average price is 20 cents higher than in Baton Rouge, at $3.47. That's an increase of 1 cent on the week, but a decrease of 16 cents from a month ago. One year ago, the average U.S. gas price was $3.38. The Baton Rouge average is down 2 cents from one month ago, but is 15 cents higher than it was one year ago. The Louisiana average price of $3.29 is unchanged from a week ago, 2 cents lower than one month ago and 16 cents higher than a year ago. You...

Gas prices fall 5 cents in Baton Rouge

The average price of a gallon of regular, unleaded gas fell 5 cents in Baton Rouge over the past week to $3.27 as of this morning, according to the AAA Daily Fuel Gauge Report. When paired with a 2-cent per gallon dip the week previous, this week's decline has helped more than offset a 6-cent weekly price hike during the week ended June 17. One month ago, the average price per gallon in Baton Rouge was $3.31. And while Baton Rougeans continue to enjoy among the lowest gas prices in the nation—just three states have a lower average, and only by a few pennies per gallon—the local average remains 19 cents higher this morning than it was one year ago. However, the local average is still below the U.S. average of $3.48, which is down 8 cents on the week—but is 15 cents higher compared to a year ago. You can check out the complete AAA Daily Fuel Gauge Report

B.R. gas prices dip 2 cents on the week

At $3.33 on average for a gallon of regular unleaded, Baton Rouge motorists are enjoying some of the lowest gas prices in the nation as of this morning. According to the AAA Daily Fuel Gauge Report, the Baton Rouge average price is down 2 cents on the week, but is up a penny from a month ago and is 11 cents higher compared to one year ago. The local average is also 2 cents lower than the Louisiana average, which at $3.35 is tied for the fifth-lowest average among all states. The Louisiana average is down a penny on the week, but is 2 cents higher compared to a month ago. One year ago, Louisiana motorists were paying 18 cents less per gallon on average. Across the United States, the average gas price is $3.56. That's down 5 cents from a week ago and a decrease of 8 cents on the month, but it's still 14 cents higher than it was last year. Four states have averages exceeding $4 per gallon, with Hawaii the highest, at $4.32. South Carolina has the lowest average of any state as of this...

Gas prices up 6 cents in Baton Rouge on the week

Motorists filling up their tank in the Baton Rouge area this morning are paying about 6 cents more for a gallon of regular, unleaded gas than they were a week ago. According to the AAA Daily Fuel Gauge Report, the average price this morning is $3.35, up from $3.29 one a week ago. That's also a 6-cent rise from the average price one month ago and 11 cents higher than the average at this time last year. Nonetheless, today's local and state averages remain well below the $3.61 national average; the Louisiana average stands at $3.36. The U.S. average fell 2 cents on the week and 3 cents over the past month but is 11 cents higher than it was one year ago. South Carolina's average of $3.25 is the lowest among the states today, while Hawaii's $4.35 average is the highest. Just three states have a lower average price than Louisiana. You can check out the complete report here.

B.R. gas prices post penny decline on the week

With a gallon of regular unleaded gas selling for $3.29 on average in Baton Rouge as of this morning, gas prices are down 1 cent on the week, according to the AAA Daily Fuel Gauge Report. However, today's price is also one penny higher than it was both one month and one year ago. The Louisiana average, at $3.31 per gallon, is well below the U.S. average of $3.63. The state average is flat from a week ago, as well as a month ago, and is 2 cents higher than one year ago. The U.S. average is up one penny from a week ago, 6 cents on the month and 9 cents on the year. Louisiana currently has the fifth-lowest average price of all the states. South Carolina motorists are paying the lowest price in the country, $3.20 per gallon, while Hawaii has the highest average price, $4.35. A total of six states have averages over $4 per gallon. You can check out the complete AAA Daily Fuel Gauge Report

B.R. regular gas prices slightly lower than last year

The average price for a gallon of regular gasoline in the Baton Rouge area is about $3.30, compared to $3.33 at this time last year, according to AAA's Daily Fuel Gauge Report. The national average is $3.62, compared to $3.59 last year. The average price in Baton Rouge was $3.32 a week ago and $3.25 a month ago. A gallon of premium gas costs about $3.67 locally, compared to $3.62 last year, while a gallon of diesel will run you $3.66, compared to $3.71 a year ago.

Commodity prices helping many businesses, consumers

Lower prices for commodities from cotton to copper are helping U.S. businesses by reducing their raw-material costs and buoying consumers by keeping a lid on their household and personal expenses. As The Wall Street Journal reports, copper, used in many goods including electronics, is off nearly 10% this year. Silver, which has various industrial uses, has tumbled more than 25%, and wheat is down more than 10%. While lower commodity prices are bad for producers and countries reliant on exporting raw materials, they are good for many businesses. Cheaper commodities have a broader dark side, however, in that they reflect weak global growth. But they also act as a subtle economic stimulus. Consumers paying less for items such as clothes have more to spend on cars and dinners out, while companies pay less for many costly supplies. Lower commodity prices constitute one reason inflation remains subdued. U.S. consumer prices rose 1.1% in April from a year earlier, well below the...

Baton Rouge gas prices continue slow rise

Another week, another penny. For the fourth straight week, the average price of a gallon of regular, unleaded gas rose in Baton Rouge—but for the second week in a row the rise was just one penny. As of this morning, gas is selling for an average of $3.31 per gallon in the city, according to the AAA Daily Fuel Gauge Report. One month ago, gas was selling for $3.24 per gallon locally. Gas prices have been rising throughout the country over the past month, and during that time locals have been able to count themselves among the lucky ones. Two-week average increases in Northwestern and Midwestern states ranged from 30 to 70 cents per gallon during the time when Baton Rouge saw its average price increase less than a nickel. Six states are currently paying more than $4 per gallon on average, while just four are paying less than the Louisiana average of $3.32. Still, with summer on the horizon—the time of year when gas prices are traditionally higher—prices are nearly...

B.R. gas prices rise but remain among lowest in U.S.

For the second straight week, the average price of a gallon of regular, unleaded gasoline has risen slightly in Baton Rouge, according to the AAA Daily Fuel Gauge. Nonetheless, at $3.29 as of this morning—an increase of 5 cents on the week, following a penny rise the week previous—motorists in the Capital Region are still enjoying some of the lowest prices in the country. Just four states in the U.S. have a slightly lower average than Baton Rouge: Alabama, Mississippi, South Carolina and Tennessee. The increases over the past two weeks were preceded by price declines for nine consecutive weeks. The Baton Rouge average one month ago was 4 cents higher than today, and the average a year ago was 25 cents higher. The Louisiana average this morning is $3.31, up 4 cents from a week ago but down 6 cents from a month ago. A year ago, the average price in Louisiana was $3.55. The U.S. average today is $3.57, up 5 cents on the week and 3 cents on the month—but down 15 cents...

Baton Rouge home prices near new peak

According to a report in USA Today citing data from real estate tracker Lender Processing Services, Baton Rouge is among a handful of housing markets in the country that are at or near previous price peaks. Like most of the cities at or near a peak, the report says, Baton Rouge never saw prices plummet during the recession. Of the cities within 5% of their previous peaks, none saw more than an 11% decline in home values from mid-2006 to the market's bottom in early 2012, LPS data shows. Nationally, prices fell almost 28% during that time. Baton Rouge is also said to be among a number of cities in which job growth in particular is fueling home price increases. The report notes that the Capital Region "posted stronger annual job growth than the national average of 1.4%," citing Bureau of Labor Statistics data. You can find the full story here. According...

B.R. gas prices post penny rise to end nine-week slide

After posting decreases in each of the nine weeks previous, the average price of a gallon of regular, unleaded gas ended its downward trend last week, according to the AAA Daily Fuel Gauge Report. At $3.24 as of this morning, the average price is one penny more than it was a week ago. However, it's still 15 cents lower than a month ago, and about 40 cents lower than it was when it started a period of steady reduction more than two months ago. One year ago this week, the Baton Rouge price was $3.61. The Baton Rouge average is now 3 cents lower than the Louisiana average and 28 cents lower than the national average. You can check out the complete AAA Daily Fuel Gauge Report here.

B.R. gas prices dip 9th week in a row

With another 3-cent drop over the past week, the average price of a gallon of regular, unleaded gas has now fallen for nine straight weeks in Baton Rouge. Gas is selling for $3.23 as of this morning, according to the AAA Daily Fuel Gauge Report. That's about 11.5% less than it was selling for—$3.65—when it began to trickle down more than two months ago. One month ago, the local average was $3.44, and one year ago it was $3.69. The Baton Rouge average continues to be less than the Louisiana average, $3.28, and the U.S. average, $3.50. AAA attributes falling prices across the country in recent weeks to "low demand, continued disappointing economic news and lower crude oil prices." You can check out the complete AAA Daily Fuel Gauge Report here.

Survey: Most Americans resigned to paying more at the pump

It appears that years of gas prices above $3 a gallon have altered Americans' perceptions of how high is too high. According to a new AAA survey, half of U.S. adults consider the price of gas to be "too high" when it reaches $3.44 a gallon, indicating that's about the breaking point at which drivers will begin to drive less or spend less elsewhere due to the price at the pump. "It was not long ago that motorists were shocked to pay more than $3 per gallon for gasoline, but now that is standard at stations nationwide," says AAA President and CEO Robert Darbelnet. "It is possible there is a new normal in terms of consumer attitudes now that gas prices have remained above $3 per gallon for more than two years. Most people have resigned themselves to paying higher gas prices." You can find more results from the AAA survey here. In Baton Rouge, gas...

B.R. gas prices fall another 5 cents on the week

For the past two months now, the average price of a gallon of regular, unleaded gas has trickled down each week in Baton Rouge, according to the AAA Daily Fuel Gauge Report. As of this morning, a gallon was selling for $3.26, which is 5 cents lower than a week ago and 23 cents lower than a month previous. Eight weeks ago, when the current decline in prices began, gas was selling for $3.65 a gallon. A year ago, it was at $3.74. The local average remains 4 cents lower than the Louisiana average, and 25 cents lower than the U.S. average. According to a report in USA Today, the national average is expected to fall another 20 cents a gallon by Memorial Day. When it comes to gas prices, what goes up usually goes up—particularly in heavier spring and summer driving seasons. But not this year. "To see this much weakness in demand for this time of the year is pretty eye-opening,'' says Patrick DeHaan, senior energy analyst at price-tracker gasbuddy.com. "You can attribute some of...